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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (20519)	5/23/2009 4:24:38 PM
From: Real Man	Read Replies (1) \| Respond to of 71474

That seems unlikely, as the Globe is not going back to the gold standard. Perhaps, we'll see regulatory efforts, baskets of currencies, suggestions to improve policy making and economic theory, etc. Globalization trend is not going away either, and much lower cost of labor will keep shifting manufacturing and services to these economies until they grow to a reasonable equillibrium level of prosperity at the expense of the living standard in developed world. The quality of manufacturing process remains better in the developed world. In the next 20 years we will likely see BRIC countries reach a reasonable standard of living - perhaps, still somewhat lower than in the developed world. No, India and China are not economic powerhouses about to overtake US. The standard of living is still extremely low there, something like ... below 5 K per year GDP/capita.